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FDC Gains 7%; BSE HEALTHCARE Index Down 0.0%
Mon, 29 Jul 9:56

FDC Gains 7%; BSE HEALTHCARE Index Down 0.0%Image source: phive2015/www.istockphoto.com

FDC share price has zoomed 7% and is presently trading at Rs 537.7.

Meanwhile, the BSE HEALTHCARE index is at 40,161.6 .

Among the top gainers in the BSE HEALTHCARE index today are ERIS LIFESCIENCES (up 3.6%) and NARAYANA HRUDAYALAYA (up 3.2%).

Cipla (down 2.4%) and Sanofi India (down 1.9%) are among the top losers today.

Over the last one year, FDC has moved up from Rs 337.1 to Rs 537.7, registering a gain of Rs 200.6 (up 59.5%).

On the other hand, the BSE HEALTHCARE index has moved up from 26,901.6 to 40,161.6, registering a gain of 49.3% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Lupin (up 98.3%), Cadila Healthcare (up 97.3%) and GSK Pharma (up 96.7%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 81,716.4 (up 0.5%).

The top gainers among the BSE Sensex today are ICICI Bank (up 2.3%) and Indusind Bank (up 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,900.9 (up 0.3%). BPCL and ICICI Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,355.7 to 81,716.4, registering a gain of 15,360.7 points (up 23.1%).

FDC Financial Update...

FDC net profit grew 50.9% YoY to Rs 463 million for the quarter ended March 2024, compared to a profit of Rs 307 million a year ago. Net sales rose 6.3% to Rs 4,620 million during the period as against Rs 4,348 million in January-March 2023.

For the year ended March 2023, FDC reported 10.3% decrease in net profit to Rs 1,938 million compared to net profit of Rs 2,162 million during FY22. Revenue of the company grew 16.7% to Rs 17,838 million during FY23.

The current Price to earnings ratio of FDC, based on rolling 12 month earnings, stands at 28.7.


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